Is goerli proof of work?
I'm curious about the consensus mechanism used by Goerli. Specifically, I want to know if Goerli operates on a proof of work basis, similar to the Ethereum mainnet before the Merge.
What are the best proof of work cryptos?
I'm looking for the top proof of work cryptocurrencies. I want to understand which ones are the most popular or considered the best in the market. Specifically, I'm interested in cryptos that use the proof of work mechanism and have a strong reputation in the crypto community.
What is better than proof of work?
I'm exploring alternatives to the proof of work mechanism. I want to know if there are more efficient or advanced methods that can replace or improve upon the traditional proof of work approach in blockchain technology.
What are the cons of Proof of Work?
I'm interested in understanding the downsides of the Proof of Work mechanism. Could you please outline the main cons or disadvantages associated with this consensus algorithm?
What is a major problem with proof of work?
The major problem with proof of work is its high energy consumption and computational power requirement, which makes it environmentally unfriendly and inaccessible to those with limited resources.